1. Singapore Stocks

  2. •

    Process industries

  3. •

    Chemicals: major diversified
China Sunsine Chemical Holdings Ltd.

China Sunsine Chemical Holdings Ltd.

SSGX:QES
0.60
SGD
+0.01
(+0.85%)
340.29MMarket Cap
Feb 26Next Earn
China Sunsine Chemical Holdings Ltd.
SGX:QES
(Singapore Exchange)

Recent

price

0.60

P/E

ratio

- -

div

yld

4.60%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
1.04
1.23
1.52
1.82
2.23
14.19
2.19
2.84
3.34
2.75
2.4
3.84
3.95
3.62
3.68
3.44
- -
Revenue per Share
0.12
0.1
0.03
0.08
0.24
1.49
0.24
0.35
0.65
0.4
0.22
0.52
0.66
0.39
0.44
0.42
- -
Basic EPS, GAAP
-0.09
-0.07
-0.04
-0.02
0.03
3.05
0.13
0.19
0.59
0.38
0.16
0.08
0.05
0.44
0.48
0.39
- -
Free Cash Flow per Basic Share
0.02
0.03
0.02
0.02
0.02
0.24
0.04
0.05
0.06
0.14
0.05
0.05
0.12
0.13
0.13
0.19
0.14
Dividend per Share
0.72
0.8
0.82
0.87
1.09
1.26
1.47
1.77
2.37
2.63
2.8
3.27
3.82
4.09
4.41
4.65
2.66
Book Value per Share
0.71
0.78
0.79
0.85
1.05
1.22
1.42
1.73
2.33
2.59
2.73
3.12
3.6
3.88
4.21
4.45
2.62
Tangible Book Value per Share
955
954
935
931
931
131
930
964
983
979
973
971
969
963
956
953
977
Basic Weighted Avg Shares
991
1,175
1,417
1,696
2,077
1,859
2,037
2,738
3,283
2,692
2,334
3,725
3,825
3,490
3,516
3,277
- -
Sales/Revenue/Turnover
14
12.57
4.71
7.72
15.29
14.14
14.66
18.1
20.85
15.51
12.71
18.01
18.04
11.63
13.26
14.3
- -
Operating Margin (%)
24
33
63
75
87
94
96
92
98
114
122
130
163
151
133
146
- -
Depreciation Expense
115
99
32
77
220
195
222
341
641
389
219
506
642
372
424
405
- -
Net Income, GAAP
14.77
31.36
43.59
34.92
27.19
32.11
28.36
28.42
9.88
14.08
27.19
27.58
12.45
17.82
27.55
19.59
- -
Effective Tax Rate (%)
11.63
8.46
2.26
4.52
10.6
10.5
10.88
12.47
19.53
14.45
9.37
13.59
16.8
10.67
12.06
12.36
- -
Profit Margin (%)
331
306
336
318
413
569
770
1,039
1,595
1,872
1,788
2,092
2,617
2,856
3,104
3,240
1,844
Working Capital
- -
- -
- -
- -
44
- -
- -
- -
- -
9
- -
- -
- -
- -
- -
- -
9
LT Debt
692
765
761
813
1,011
1,175
1,362
1,743
2,326
2,562
2,721
3,176
3,692
3,927
4,209
4,438
2,588
Total Equity
15.66
11.95
4
8.25
19.26
14.45
15.44
21.94
29.27
14.43
8.11
16.12
17
8.37
8.68
8.42
- -
Return on Invested Capital (%)
16.52
12.25
4.18
8.61
20.18
15.62
16.77
21.99
31.53
15.9
8.3
17.17
18.71
9.78
10.42
9.37
- -
Return on Capital (%)
17.86
13.65
4.2
9.75
24.14
17.85
17.48
21.99
31.53
15.92
8.28
17.17
18.71
9.78
10.42
9.37
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Sep'19
Dec'19
Jun'20
ST Debt
1
1
1
LT Borrowings
- -
- -
- -
LT Finance Leases
9
9
9
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
976
976
972
Market Capitalization
- -
2,601
1,725

Working Capital

CNY

•

in mil. unless spec.
Sep'19
Dec'19
Jun'20
Total Current Assets
2,194
2,220
2,176
Cash, Cash Equivalents & STI
1,270
1,280
1,335
Accounts Receivable, Net
416
358
339
Inventories
205
247
175
Total Current Liabilities
372
347
331
Payables & Accruals
- -
- -
- -
ST Debt
1
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.56%
10.39%
5.44%
Free Cash Flow
76.22%
132.42%
-18.08%
Net Income, GAAP
19.8%
25.12%
-4.47%
Sales/Revenue/Turnover
8.01%
9.5%
-6.77%
Total Cash Common Dividend
34.11%
40.42%
46.2%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
3,516
2025
- -
- -
3,277
2026
- -
- -
- -

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.44
2025
- -
- -
0.42
2026
- -
- -
- -

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.13
2025
- -
- -
0.19
2026
- -
- -
- -
Similar Companies
Hektas Ticaret T.A.S. (BIST:HEKTS)
AARTI Industries Ltd (NSE:AARTIIND)
Aether Industries Ltd. (NSE:AETHER)
Mitsui & Co.,Ltd (TSE:8031)
Saudi Basic Industries Corp. (TADAWUL:2010)
Raghav Productivity Enhancers Ltd. (NSE:RPEL)
Business
China Sunsine Chemical Holdings Ltd. is a leading specialty chemical producer primarily engaged in the manufacturing and sale of rubber chemicals. Its core product portfolio includes rubber accelerators, antioxidants, vulcanizing agents, anti-scorching agents, insoluble sulphur, and pre-dispersion (masterbatch) products. These chemicals are extensively used in the production of tires, rubber footwear, hoses, belts, rollers, cables, seals, latex products, and other light-colored rubber goods. The company markets its products under the Sunsine brand, serving major global tire manufacturers such as Bridgestone, Michelin, Goodyear, and Pirelli. Headquartered in Singapore and founded in 1977, China Sunsine operates production facilities primarily in Shandong Province, China, with a significant global footprint in Asia, America, and Europe. It operates through three main business segments: rubber chemicals manufacturing, heating power generation, and waste treatment services. China Sunsine is the world’s largest producer of rubber accelerators and the largest rubber chemicals enterprise in China. In terms of recent developments, the company has been actively executing its capacity expansion strategy to meet growing market demand and enhance competitiveness through economies of scale. Key projects include the completion of a 30,000-tonne per annum insoluble sulphur production facility, with trial runs expected in the first half of 2025. The company continues to invest in automated, continuous, and environmentally friendly production technologies to boost efficiency and reduce costs. Additionally, it has focused on internal integration by expanding production capacity for key raw materials to improve supply chain security and cost effectiveness. In 2024, China Sunsine reported a 43% rise in net profit for the third quarter, driven by increased product pricing despite competitive pressures, underscoring its strong market position and resilience. The company remains majority-owned by Success More Group Limited and is listed on the Singapore Exchange (Ticker: QES).